Target Will Pay 10mdd To Meet Demand For Violation Of Data

Posted On 19 Mar 2015
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Tag: Target Corp pays 10 million dollars,

In a proposed settlement of a class action lawsuit related to a massive violation of data security agreement 2013, Target Corp agreed to pay 10 million dollars.

According to a company spokesman consulted by CBS News the proposal includes the creation of an account to pay individual victims up to $ 10,000 as compensation for damages.

It should be noted that this proposal still needs approval from a federal court, as revealed by Reuters.

“We are pleased to see that the process moves forward and look forward to your solution,” said Target spokeswoman Molly Snyder.

It said a court hearing on the proposed agreement was scheduled for Thursday in St. Paul, Minnesota.

Target has said that at least 40 million credit cards were compromised in violation of safety during the holiday shopping season of 2013 and the attack could have resulted in the theft of personal information of up to 110 million people, including addresses email and phone numbers.

A US judge in December that allowed consumers to retail sued for violation of security.

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